Taiwan's machine tool industry is expected to reach 4 billion US dollars in 2011

Xu Xiujin, director of the Taiwan Machinery Association, said that the export value of machine tools in Taiwan is expected to exceed US$4 billion in 2011 and is expected to surpass Italy for the first time, becoming the third largest machine tool export region in the world. Luo Baihui, secretary-general of the International Mould, Hardware and Plastics Industry Suppliers Association, said that after the financial crisis, the Chinese economy has continued to improve and the manufacturing industry has maintained rapid growth. There is a large demand for production equipment. According to the arrangements of the Cross-Strait Economic Cooperation Framework Agreement (ECFA), some products will begin to impose tariff reductions from January 1 this year and achieve zero tariffs in three steps over the next two years. Taiwan's machine tool imports under zero tariffs will continue to increase.

It is reported that at the beginning of 2011, Taiwan's machine tool industry grew rapidly under the dual implementation of the formal implementation of the Cross-Strait Economic Cooperation Framework Agreement (ECFA) and sustained market recovery. This year, the total output value of the entire machinery industry is expected to exceed the trillion yuan mark and reach 1 trillion. 500 billion yuan.

At present, the major machine tool companies in Taiwan are still in a single full condition by the end of 2011. Among them, Aachen has a total of NT$1.5 billion in orders in hand, NT$1 billion from Taiwan Taichung Seiki, NT$2 billion from NTD, and NT$900 million from Fuyu and Acer Technology. Gao Feng also had orders for more than 500 million NT dollars not yet digested.

Wang Zhengqing, Director General of the Taiwan Machine Association, pointed out that in the first half of 2011, Taiwan's machine tool industry increased significantly. In spite of the European debt crisis in the second half of the year, the tightening monetary policy in Mainland China, and the NT exchange rate fluctuations, the annual export value is still expected to reach 4 billion US dollars. The goal is more than 33% higher than in 2010.

A few days ago, the Taiwan Machine Tool Association made a conservative forecast for the machine tool industry in Taiwan in 2012. The situation of company orders in the first quarter was not optimistic. It is not expected to pick up until the second quarter. Taiwan's machine tool exports in 2012 The increase is only about 10%.